Government approves law to limit petrol pump profits

  • Lusa
  • 23 July 2021

Portugal's environment minister announced on Wednesday that the government has approved a draft law that will allow it to limit fuel profits.

Portugal’s government on Thursday approved in the cabinet meeting a draft law that will allow it to limit fuel profits if it considers that they are unjustifiably high, according to the environment minister.

In a press conference after the meeting, João Pedro Matos Fernandes said that this law, which also covers bottled gas, will now be sent to parliament, stressing that the measure will be temporary.

Fernandes also said that he would hear the Energy Services Regulatory Authority (ERSE) and the Competition Authority.

State proposes law to control fuel marketing margins

Lusa,

The aim is that when there is a drop in oil prices, "it is felt and appropriated by consumers instead of appropriated by the trading margins," says the environment minister.